Jedisco's Posts
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 Investment › Re: Crypto Currency Investors Thread by jedisco(m): 11:36am On Sep 25, 2021 |
Mazinewmoney:I don't know how guys end up with a huge chunk of their portfolio in no name or new coins... What happened to bitcoin, eith, ada, bnb? I bought icp at low 40, added some at 60 nd 66 but I'm not freaking out... Ur ultimate decision rests with you.... My advice would be to let the market be and go to rest..... Hope bitc0in goes on an end of year rally then icp should make you smile... Selling now might just be capitulating into the bottom only to end up buying another top again...... What's more important is learning from lessons on this trade so as not to repeat it 10 Likes |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 10:51am On Sep 25, 2021*. Modified: 11:10am On Sep 25, 2021 |
PuZZyNegro:Binance should have a blog post on this... If in doubt, get in touch with binance help desk. Usually, even after delisting, you could still withdraw your coyns or it could have been converted to busd as someone above said. Regarding crypt0 being a source of income or not, that's for you to determine. I invest in crypt0 cos I believe in the future of the industry... Moreso, most of my portfolio is always in the bluechips.... I don't put all my portfolio in random coyns cos I'm looking for quick profit 1 Like |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 10:46am On Sep 25, 2021 |
DieRich5:ICP is a new coyn and I wouldn't place 40% of my portfolio in any new coyn. Upto 2/3 of my portfolio is usually split among the bluechips.. That said, I own ICP.... I've looked into the project and it does hold prospects... It listed across major exchanges and has gone thru its initial selloff after listing... After consolidating, once they start moving, such voyns can move quickly. It's been announced that icp will bring smart contracts to bitc0in by q4... Such could lead to a rally... Right now, I'm looking into ways of staking my icp It and shib would be my wild cards if bitc0in goes on another rally 9 Likes 1 Share |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 8:40am On Sep 25, 2021 |
Mazinewmoney:What percentage of your portfolio is in icp? |
| Investment › Re: Treasury Bills In Nigeria by jedisco(m): 7:44am On Sep 25, 2021*. Modified: 11:24am On Sep 25, 2021 |
maishai:The good thing about Crypt0 is that it's permisionless... Thesame wallet that can be used to hold the enaira can also be used to wallet a stable coin pegged to the dollar, gbp, euro e.t.c... If they mess it up, they might just end up dollarising the economy... I don't see it as a tool for control perse, they're aiming towards certain things e.g remittance. By very design, it's difficult to control crypt0 as CBN must have seen. It'd sure give them direct control over some parts of the currency as should be, but they lose control over a variety of other things they'd have with regular fiat... A key difference between crypt0 and fiat is that when I transfer a crypt0 asset, it's the actual coin that's transferred not just a tickbox on the banks system. So if I put the enaira on a physical wallet (usually the size of a usb stick), I can carry unlimited amounts of funds on my person and even the CBN cannot access that without the required passwords... In summary, just like most things new... One can only wait and see how it goes... If it solves a problem in a novel way, then it'd catch up quite quickly...if it gets the basics wrong, it'd be obliterated quickly too. 1 Like |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 11:39pm On Sep 24, 2021 |
jedisco: 1 Like
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| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 10:57pm On Sep 24, 2021 |
PSG is finally at a place where it looks juicy... The secret with most meme coyns is getting in at the lows...... Trust me,most folks who sold at 60 would likely be buying here while most who bought at 60 would be capitulating.... The good thing about buying at the lows is that even if it dips more, you can sit it out as there's only so much a coyn can dip b4 a pump.... Also, when it starts pumping, you already know when to take good profit and wouldn't be listening to those who would only FOMO into the top I'm not in a position yet... Will be targeting this and chiliz within the next few weeks....once betece shows its hand 3 Likes
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| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 10:38pm On Sep 24, 2021 |
I've come to see most news a China ban on crypt0 as manipulation... Moreso such comes out before big moves.... The end result is that they tend to inflict pain on the masses either by tricking them to sell before a price markup or making them to buy the top and capitulate after whales are done distributing their bags as we say at 60k. The next weeks will show whats coming... Personally, though I'm very much leaning towards a markup, I still believe another shakeout would still happen to teat market sentiment... Perhaps a slower dip in the coming weeks to test 40k again before a breakout... Similar to what we saw at 30k before the rally to 50k 8 Likes |
| Investment › Re: Treasury Bills In Nigeria by jedisco(m): 10:18pm On Sep 24, 2021*. Modified: 11:48pm On Sep 24, 2021 |
megamart247:There's definitely a place for the enaira. The enaira will join other crypt0 coins pegged to fiat currencies called stable coins. I remember stating here some months back how such non-volatile coins have changed the dynamics of crypt0currency trading with huge prospects going forward. Then, some folks said I was writing huge essays. Good enough, their country is planning to issue one today. CBN acted cautiously which is understandable for a central bank. I'd argue that by being one of the first to issue a cbdc, they're more liberal than most other central banks... Where they failed at was understanding the dynamics of crypt0 trading in Nigeria. Before the ban, we saw here how the daily naira volume on bitc0in alone traded on just one exchange was rivalling the naira volume traded on the NSE. Of course, such volumes would bring the attention of regulatory agencies. Take a specific crypt0 asset such as bitc0in for example, Then trading was this way: naira>> Bitc0in>> naira After the ban, folks continued to trade but had to buy a crypt0 stable coin with their naira first and with the devaluation, people were not converting their us stable coin back to naira... So it became: naira>>usdt>>bitc0in>>usdt... What the enaira will do for crypt0 traders is take that ratio back to what it was initially... enaira>>bitc0in>>enaira.. The enaira is a novel project and I believe it has its place... Of course, as with anything new, there'd be teething problems. My main concern is regarding adequate security around issuance. The enaira will serve a different role from volatile crypt0 assets and also regular fiat... first, it provides a platform for other crypt0 related offerings e.g crypt0 loans, staking (similar to fixed interest) e.t.c which rival traditional bank offerings to build on. Regarding remittance, I believe this is where it'd excell..Currently, remittance to Nigeria is soo broken due to CBN interventions.... Alot of tech firms are already getting into this. Twitter has just made it possible to send funds instantly via crypt0 to users worldwide... Soon enough, the likes of WhatsApp and Telegram could make this an option too- i.e send funds to fellow users worldwide or even pay for stuff on WhatsApp business profiles online. It'd be a game changer. With the enaira, things like tranfer fees, stamp duty e.t.c can easily be regulated from source by the CBN.... Also, the enaira opens a door for regulrity clarity regarding other crypt0 assets in Nigeria. With regulatory clarity, bigger players can come in. What I'm keen on seeing is if they're going to tie its release to forex and what rate it'd be 1 Like |
| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 6:02pm On Sep 24, 2021 |
Diversification.... I'd try nd keep this short Most come into crypt0 and buy numerous coyns with the idea of not putting all bags in one basket.... At least if one does not blow, another will blow... But with time, people come to see that their portfolio does better when they hold fewer assets... The thing is that with most things tech, the winner takes it all. So what people call diversification is most times selling the winner to buy the loser. To put thigs in context, it's like selling part of your Apple stock to buy Nokia or BlackBerry stock in 2013. For me, the sweet spot is letting the base (upto 75%) of my portfolio rest on 4-5 good coyns....... I can use the rest on more risky stuff A vast majority of crypt0 coins now have no function and are simply copies of others. Most are speclative instruments.. Identifying the bluechip coyns among the lot and focusing on them is where the real money is made. Another thing is risk to reward... Typical example xrp... Just like most folks in crypt0, I remember jumping into xrp early on cos I thought it was 'cheap' and would bring bigger returns... Lol... Getting something outta this space has little to do with the unit price of a coyn. This is even more true for large caps... Knowing what coyns you trade and also when to trade different coyns... Fact is there are only so many coyns one can track. In summary, there are different groups of coyns in crypt0... Usually, just a few in each group win at the end of the day... Rather than spreading one's portfolio thinly across several coyns, a sensible alternative would be to focus on a few performers..... 13 Likes 2 Shares |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 4:50pm On Sep 23, 2021 |
I like this.... Dips can be a good time to get in and out of trending coyns... The weekly usdt chart tells a better story 1 Like
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| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 4:36pm On Sep 23, 2021 |
Out of trading, I'd make a post later regarding diversification in crypt0.... And why folks generally make more money in crypt0 by holding fewer assets... Also another tip on looking at charts.... 10 Likes 1 Share |
| Investment › Re: Treasury Bills In Nigeria by jedisco(m): 4:04pm On Sep 23, 2021*. Modified: 4:37pm On Sep 23, 2021 |
[quote author=wwwtortoise post=105862479]Your submissions are pure facts. It only takes vital economic policies here and there to revive the country.[/quote]First principles I'd say which stand true whether a nation is developed or not. Worse case scenario, we could copy what developed nations did and jumpstart our economy.... That's why it irks me when those looting the nation turn around and blame the victims of their wickedness for being looted... It just leaves theever impoverished masses blaming themselves..... Like I said before, it's like setting someones house on fire and telling him the reason his house is on fire is because his neighbour uses a heater... 3 Likes |
| Investment › Re: Treasury Bills In Nigeria by jedisco(m): 11:35am On Sep 23, 2021 |
dre11:Came across this on a fp topic and it largely mirrors my concerns behind CBNs rush to issue the enaira in my quoted post below.... While the concept is novel which I believe is part of the future of most currencies and I can't fault it as the seeming advantages are numerous, I really hope a good framework has been put in place... First, the CBN should not see the ease of minting and handling digetal currencies as an excuse to mint it carelessness. Whatever is minted is same as minting a note as it's fully backed by the CBN.. The issue of inflation with excessive minting are still thesame. It would be good to know how much the CBN is minting at a start cos if not tied to forex remittance or something tangible, it could just cause inflation. Secondly, I really hope adequate security is in place. If there is a problem with the company issuing the enaira, the CBN will have to step in and protect those holding it as it is our legal tender. A reason like this is why the US wil rather private companies issue a dollar crypt0currency while they regulate it. Finally, a lot of nations seem to be on the verge of doing same and are like waiting for who would go first. CBN doing this in a nation of 250mil will keep alot of nations watching. It's like being a lab specimen. If it succeeds, then the nation would benefit as being an early adopter... If it fails, it could be catastrophic. jedisco: 1 Like |
| Investment › Re: Treasury Bills In Nigeria by jedisco(m): 10:35am On Sep 23, 2021 |
Cyberknight:Well said... That's why I don't subscribe to the idea that the state of non functional aspects of our economy is due to a technological gap. The foundation upon which most economies of western nations are built are first principles that have been known for centuries... What Nigeria fails at are the very first principles As an example, For thousands of years, humans civilizations have build well organized cities... One now asks why most Nigerian cities designed after independence are practically slums (aside abuja). It just goes on and on in most sectors. The stock market and mortgage system (which are pillars of Western economies) were largely invented before the coming of computers.... It's all basic economic principles of adding value to a raw product... The stealing part is do annoying. In the outer world, people are naturally respected based on how developed their nations are. For all their stolen wealth, they'd still be looked down as corrupt African politicians in the West. What's even worse is that they stand to gain more by investing such stolen monies at home yet they ship it abroad at the expense of their kin 3 Likes |
| Investment › Re: Treasury Bills In Nigeria by jedisco(m): 10:21am On Sep 23, 2021 |
Theflint1:This shouldn't be an issue.. dont forget as people pay, the percentage of their share in the house increases. If someone on a mortgage wants to emigrate, they have 3 options... a. Sell the property (usually at profit), payup the bank loan and use the rest to move b. Continuing paying their mortgage from abroad while they can rent out the house. Usually, the house rent would cover the mortgage c. Default on their mortgage. The bank will simply take over the hoise and sell at profit Nigeria is a country of over 200million. No nation on earth can absorb our population. True, there has been an emigration boom in the upper middle class, but when you look at the absolute population of Nigerians in those developed nations, its a tiny minority. My point is that well over 95% of Nigerians will live most of their whole lives in Nigeria which is a large enough base. Most folks in Western nations who retire to exotic Islands usually fund such lifestyle mostly by selling off a property they own or renting it out... 1 Like |
| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 10:04am On Sep 23, 2021 |
jedisco:I like the formation on Ada... So far, its held 2 dolls well which reminds me of how it held 1 dolls for the last 3 months inspite of what betece was doing.... I used it as a tracker then to guide what the coyn would do.... I'd be watching the weekly close on this keenly. If it closes green, that'd be a monster candle... On the flip side, there is a potential head and shoulders on the daily chart (2nd)
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| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 9:59am On Sep 23, 2021 |
During this dip, I largely repositioned my portfolio.... My reason for holding alyts are usually for two reasons- either I think the alyt will perform better than betece or I believe it's largely underpriced and would give a good rally with time... I had converted some part of my betece into bnb close to the arrowed area few weeks back.. this cos structure-wise bnb looked to outperform betece.. Also, bnb looked good against eith (which is usually my altcoin benchmark) What I did during this dip was ease out some of my bnb into other coyns that look like they'd outperform bnb.... These were ada, luna, one, cake... Still looking at ftt, dot, sol and avax.,. For the second group of coyns which I think will give a good rally if bitc0in goes on a run, I don't bother too much with swapping them... In this group, I have some shib, icp, Next few weeks should be decision time that would mark how the year ends..... 1 Like
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| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 5:39am On Sep 23, 2021 |
Ibime:I'm seeing this more as a retest of the weekly support. The coin was definitely going to get rejected in the 50's... though 52k was took folks offguard....was expecting 55k. I think the next few weeks will be crucial to how bitc0in ends the year. If this week ends above the weekly support, that'd make it 3 weeks its held.... it can only hold fos so long before a good move occurs- preferably one to the upside.... The downside risk is significant as if 36-40k doesn't hold, stuff could get bad really quick.. Market sentiment seems mixed on bitc0in with most expecting an end of year rally. I'm a bit worried about this... Usually I'd prefer it when majority have capitulated and calling for lower numbers so they could buy... still seems most are in buy the dip mode.. Personally, I'm just reallocating my positions on a dip with the aim of getting more into coyns holding structure against betece.. this has been working well so far.... 4 Likes |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 12:24pm On Sep 21, 2021 |
Ibime:Congrats on sniping your bids.... But this one you bought a betece selloff, usually, you prefer to permutate during a selloff and keep outta the market..... wetin com change your mind this time around? |
| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 8:20am On Sep 20, 2021 |
For the short-term, one coyn that looks ripe is shib... Hopefully, betece doesn't nuke and scatter it. Hot a chunk of it which I'd be keen to cycle into betece on a pump
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| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 8:04am On Sep 20, 2021 |
Ada is almost at a place where a re-accumulation looks good..... Between 2.15 which was the prior weekly close and 1.8 which is the current weekly support should provide a good entry for the future... With such entries, I don't necessarily wait for a particular bottom.... I just ladder in slowly
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| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 7:36am On Sep 20, 2021 |
Macktaob:No specific targets as I'd be holding it for a while.... Most positions I'm taking now are those I plan to hold for the next 6 months or till a significant move ensues... What I do is take profits on a move up so I can add on a retrace |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 5:28pm On Sep 19, 2021 |
Miracle112:With all due respect, can you stop posting such stuff here... Many people have lost money due to such scams.... You can put money in and tell us what you lost.... Posts like this make can make this place look unserious 17 Likes |
| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 7:09am On Sep 18, 2021 |
jedisco:Got my usdt bids on One this filled yesterday.... Will look to fill up my bnb bids... Already showing a good response
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| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 7:08am On Sep 16, 2021 |
From a HTF POV, those who enjoy a doge are those who accumulate at the lows and wait patiently for the pump to come.... IMO, if betece is to go on another rally, between 0.2 and 0.25 is a good spot to accumulate doge... I'd be waiting for the weekly close in betece to see how it holds up I'm not expecting similar x5 rallies like the last time given it's large market cap... But then, never bet against a raging bull
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| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 6:45am On Sep 16, 2021 |
Ksm/betece is another one I have my eye on.... But I'd wait for the daily close on this.... Target would be 120 sats BTW, I'm looking to take half of my betece into fiat at 50-51k.... If ksm hasn't moved by then, I might cycle some into it
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| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 6:41am On Sep 16, 2021 |
Another is luna/bnb.. . Daily and weekly pictured... These are breakout coyns and if they rally, tgey should rally good.. Ftt/bnb doesn't look bad for those willing to chk it out
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| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 6:38am On Sep 16, 2021 |
Going ahead... Pairs I'm looking at... Bnb/one.... (Daily and weekly) Remember one has broken its previous ATH and is now consolidating.... Good chance it does move in the coming weeks 1 Like 2 Shares
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| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 6:34am On Sep 16, 2021 |
Also cycled some bnb into ada... Ada betece is retesting previous breakout.... Ada bnb has lost the daily support but doesn't look bad either... Always like having some ada 1 Like 1 Share
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| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 6:30am On Sep 16, 2021 |
On the last selloff, I looked to reposition some of my trades.... I discussed here why I had a good atash of bnb- cos it was holding structure against betece and eith.... My focus was in looking fr coyns that'd outperform it. Cake and bake usually follow bnb.... Cake has been a stronger and more structured pair... I ctcled some of my bnb into cake at after last weeks close at 0.049 (arrowed). Good response so far 1 Like 1 Share
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| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 6:24am On Sep 16, 2021 |
Almajirihunter:Staking can either be done on centralised exchanges such as binaz e.t.c where they lock your asets for the agrred period and pay you profits... Also, there are flexible options where rates are not locked but they pay lower.... Also, there are stake pools e.t.c Another means is via defi (decentralised finance) which is an interesting aspect of crypt0. Here, there's not much of a centralised exchange... Here, lending and borrowing rates are sensible as funds pulled tof6are borrowed out and interest paid back... Everything is done on the basis of a software algorithm called smart contract... Most info is available online...... For defi, this can be a nice video to start with https://www.youtube.com/watch?v=B0FiTC_Pl3w 2 Likes 1 Share |
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